MBWM closed above the support zone, so it may be worth it thinking about a long swing-trade.
Possible SL@$19.09
Possible TP@$23.11
No investment advice.
After Mercantile's earnings call shares soared against the trend of the overall market. As the market progressed today the lone stocks that soared (i.e EBAY, MWBM, EDU) failed to keep bulls excited and dipped soon after news hit. We see a similar pattern with MWBM. If the market continues to sell off tomorrow the few puts available are cheap, easy picks, and are...
